The front-page talks about giving away
"Get free Raspberry Pis, Framework Laptops, iPads, and more."
Oh they do have transparency on it.
I was confused about the "fiscal sponsorship"
tab since it appears also to be a product they are selling
at 7% of income.
They appear to do well with nearly $6 million USD(?) in their
"checking account)
Good for them.
Founder here. Donations are the vast majority of Hack Club's revenue and make it possible and free for teenagers. Donate here: https://hackclub.com/philanthropy/
501c3 nonprofits can ‘fiscally sponsor’ projects that are too small for their own nonprofit but still need all the same legal/accounting/finance support. Some of that $6M in their checking account will ‘belong’ to the projects they are sponsoring. Basically like a nonprofit incubator.
I work at Hack Club on our fiscal sponsorship team and wanted to clarify something: each fiscally sponsored organization has its own account, with funds stored and represented separately on the HCB platform.
The front-page talks about giving away "Get free Raspberry Pis, Framework Laptops, iPads, and more."
Oh they do have transparency on it. I was confused about the "fiscal sponsorship" tab since it appears also to be a product they are selling at 7% of income.
They appear to do well with nearly $6 million USD(?) in their "checking account) Good for them.